Download or read book Nigeria: Request for a Two-Year Policy Support Instrument written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-12-19 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents Nigeria’s Request for a Two-Year Policy Support Instrument to support its reform efforts. All three tiers of government have adhered to a conservative oil price-based fiscal rule, resulting in large overall budget surpluses and a significant buildup of international reserves. The authorities have also initiated a broad structural reform program. GDP growth has been robust, benefiting from the improved macroeconomic environment and policy initiatives to spur agricultural production; and the medium-term growth outlook is favorable.